Kyrgyzstan Launches Som-Pegged Stablecoin, Establishes National Crypto Reserve

Kyrgyzstan launched KGST, a stablecoin linked to its national currency, while simultaneously advancing a central bank digital currency pilot in one of the most comprehensive digital finance initiatives undertaken by a Central Asian country. On Friday, President Sadyr Japarov chaired a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies,…

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Changpeng Zhao: Donald Trump pardons billionaire crypto exchange founder | World News

Donald Trump has pardoned the founder of the world’s largest cryptocurrency exchange – amid conflict of interest allegations. Changpeng Zhao spent nearly four months behind bars last year after admitting that Binance failed to maintain an effective anti-money laundering program. Prosecutors in the case had alleged that inadequate controls allowed criminals to move illicit funds…

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The co-founders of Samurai Wallet pleaded guilty to accusations of transmission in silver of cryptography without license

The cryptocurrency sector attends a pivotal regulatory development while Keonne Rodriguez and William Lonergan Hill, co-founders of Samurai Wallet, pleaded guilty to accusations of exploitation of an activity of transmission of money without license. The United States Ministry of Justice (DoJ) accused Samurai Wallet of facilitating more than $ 2 billion in illegal and laundering…

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Department of the judge.

The Trump administration dissolves a unit of the Ministry of Justice which was responsible for the survey of cryptocurrency crimes, criticizing the Biden administration as too aggressive against the rapidly growing industry. In a memo published Monday evening, Todd Blanche, the deputy prosecutor general, denounced his predecessors for investigating the cryptocurrency operators in a way…

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